Word: coal
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...Iceland, the University of Toulouse and Reykjavík Energy are the other partners.) Grimsson traces his interest in climate change to the 1980s, when he met a fellow legislator who saw trouble on the horizon: Al Gore. Back home, Grimsson, 63, has witnessed Iceland's conversion from a coal-dependent economy to a nation that gets most of its heat from clean, renewable geothermal resources. "My job as a young boy was to get the coal for the house for my grandmother," he says, recalling Reykjavík's soot-black skies. "If Iceland could achieve such a radical change...
...Donald Felsinger, CEO of Sempra energy, based in San Diego, took charge of a volatile company tainted by the California energy scandal, which threatened to bankrupt the $15.5 billion firm. Felsinger settled lawsuits, shed holdings in coal and expanded its natural-gas business globally. Now, he tells TIME, the volatility has moved south...
...over the past three to four years. But if there's a deal that can get done, it's this one. They're addressing all the right hot buttons--providing rate certainty to customers, a premium to shareholders, even an environmental section that would reduce the number of their coal-fired electricity plants. The only wild card here is what regulators and politicians will...
Beyond the policy areas with which she has been traditionally identified, Hillary has also proposed visionary plans to address energy security and human rights policy. Breaking through the dearth of initiative among politicians tied to special interests, her $50-billion Strategic Energy Fund will incentivize the development of clean coal plants and efficient ethanol plants, make hybrid vehicles more affordable through tax breaks, reward home and small business owners for increasing efficiency, and heavily invest in groundbreaking research. Blending pragmatism with an embracing, hopeful worldview, Hillary will jumpstart America's moribund energy policy by addressing the threats posed by both...
...system succeeded in reducing acid rain by half. But even the Kyoto treaty doesn't put any cap on greenhouse gases in China and India, where billions of these carbon credits are traded. Sure, you can pretend you're offsetting Western greenhouse pollution by supposedly cleaning up a dirty coal plant in China. But China is adding a new coal plant every week. You could build a particularly dirty "uncapped" power plant, then sell hundreds of millions in carbon credits to reduce it to a normal rate of pollution. The result? The polluter gets very rich. The planet continues...